Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Consumer Spending Rises Little in September
Household spending rose less than forecast in September, showing the biggest part of the U.S. economy ended a strong quarter on a weak note.
Foxx 'Cautiously Optimistic' About Passage of Long-Term Highway Bill
Transportation Secretary Anthony Foxx is “cautiously optimistic” that Congress will pass long-term transportation legislation in the near future.
ATA Chairman Hopeful Speaker Paul Ryan ‘Will Lead’ Passage of Highway Bill
American Trucking Associations Chairman Pat Thomas has a message for new Speaker of the House Paul Ryan.
Pink Trucks Rolled Out For Breast Cancer Awareness
Mack Trucks is displaying a pink Mack Pinnacle at its headquarters to show support for awareness of one of the most common cancers among women in the United States.
October 29, 2015Brake Safety Week Out-of-Service Violations Drop to 12.3% in 2015
The out-of-service rate for the annual Brake Safety Week event in September was 12.3%, down from 16.2% last year, the Commercial Vehicle Safety Alliance reported.
Nafta Truck Freight Value Declines for Second Month
The value of U.S. trade with Canada and Mexico carried by truck declined for the second consecutive month, the Bureau of Transportation Statistics reported Oct. 29.
October 29, 2015UPS Announces $300 Million Kentucky Ground Hub Project
UPS Inc. announced plans to spend about $300 million to triple the size of its Centennial ground package sorting facility in Louisville, Kentucky, to double the processing pace and improve service.
October 29, 2015R.R. Donnelley Expands Delivery Services With Purchase of Courier Advisory Group
R.R. Donnelley & Sons Co. announced that it has acquired Courier Advisory Group in Tampa, Florida, to expand its delivery services.
October 29, 2015Rural Areas Receive Record Percentage of DOT TIGER Grants
Transportation Secretary Anthony Foxx announced Oct. 29 that the department will issue $500 million in infrastructure grants covering 39 projects in 34 states.
Old Dominion Freight Line Reports Gains in Third-Quarter Profits, Revenue
Old Dominion Freight Line generated more third-quarter profits and brought in more revenue than during the same time last year, overcoming rising complaints in the less-than-truckload sector that problems among manufacturers are cutting in sharply to LTL freight volumes.